County Assessor - General Information
Statements of Consideration
Property owner cooperation and participation is key to a fair system
of taxation for all Wyoming property owners. The following information
is intended to help you understand the importance of the information
provided on the statement of consideration. Thank you for your interest.
What is a Statement of Consideration?
Wyoming Statute 34-1-142 requires a statement of consideration be
completed whenever a deed, contract or other document transferring
legal title is recorded. Information such as the date of sale, purchase
price, terms of sale, etc. are required. You will probably complete
this document at the time of closing.
I don't want everyone to know what I paid!
Information on the Statement of Consideration is NOT public information
and you are protected from random disclosure by provisions and penalties
in 34-1-142. Persons appealing their assessment may review the sales
information of properties that were used to determine their fair
market value. The review period is only during the 30-day appeal
period. Property owners may not further disclose the sales information
to other persons or property owners. The sales information may be
introduced and revealed to the County Board of Equalization during
a formal appeal, but further disclosure is prohibited.
What does the assessor do with the information?
The County Assessor has the complex job of annually determining
the fair market value of all the property within the county. To accomplish
this, sales information for an area is analyzed to develop adjustments
to bring the property to current market value. Through the use of
computer programs, information gained from properties that have sold
can be used on properties not sold to achieve a fair market value
for all properties. Because the sales information is crucial to this
analysis, the assessor may need to verify the information with one
or more of the parties to the transaction. This may be done by phone,
mail or in person.
If I paid $86,000, why does my assessment schedule say $87,500?
Wyoming statute also states an individual statement of consideration
shall not, by itself, be used to adjust the assessed value of any
individual property. To ensure that sold properties are being valued
using the same procedures as unsold, all valid open market sales
within a neighborhood are used. Neighborhood boundaries are developed
on location, economic forces, governmental and social factors. Within
neighborhoods other considerations may be age, type of construction,
Are all sales used in the market studies?
No, only sales that are considered valid open market sales are used.
Sales involving foreclosures, relatives, gifts, etc. are generally
I want to pay my fair share. How can I ensure my property value is
Owner participation is key in the development of accurate values.
Property characteristics such as size, construction type, amenities,
are collected by field appraisers. Owners are encouraged to review
this information to verify its accuracy. Actual sales information
is used by the assessor as an indicator of market value. Your assistance
in verifying the information is very helpful.